And... They're Off!

[Oakair]

Doesn't take much to setup a ScotTrade account. Good for daytrading.

Doesn't that require a margin account (25,000 minimum and decent credit)?

Ive got a Zecco account (Im cheap), and thats how it is here, and based on a quick good search, Im pretty sure thats a common requirement...

[WizardTN]

I don't know what the present requirements are. I set mine up with $200 years ago. LOL

Check it out $7 trades is not bad

[Oakair]

I don't know what the present requirements are. I set mine up with $200 years ago. LOL

Check it out $7 trades is not bad

psh...Ive got 4.95 trades

[WizardTN]

Look into Ally Bank (The old GMAC)

[68Camaro]

Looks like TPTB are making an desperate attempt to try to end the day on an up trend (not number, but trend) note. One try failed. They are trying again.

[Corsair]

What happened to silver today? Why do you guys think we saw such an explosion in the price of gold and not silver? Or, rather, why was the surge in the price of silver so quickly stamped down?

[Oakair]

What happened to silver today? Why do you guys think we saw such an explosion in the price of gold and not silver? Or, rather, why was the surge in the price of silver so quickly stamped down?

Looks like it was successfully crushed at about 11am again...no clue why there hasn't been buying pressure, but Im not complaining (im buying lol)

[68Camaro]

What happened to silver today? Why do you guys think we saw such an explosion in the price of gold and not silver? Or, rather, why was the surge in the price of silver so quickly stamped down?

As you've read many times here (and believe it), the price of silver can be controlled (not so much gold), so they do. They knocked it down Friday. It came up with gold (actually faster than gold, for awhile) so they knocked it down again. It's still up over Friday by nearly 2%, so not bad. Just not quite at gold's level of +3%.

[scrapper2010]

Looks like TPTB are making an desperate attempt to try to end the day on an up trend (not number, but trend) note. One try failed. They are trying again.

Looks like they failed again, miserably this time. Dropping like a lead balloon.

[68Camaro]

Looks like TPTB are making an desperate attempt to try to end the day on an up trend (not number, but trend) note. One try failed. They are trying again.

Nope - they couldn't do it. They are trying to steer it into something less bad than it could be, maybe they'll come in under 5% and <600, if they're lucky. But still a BIG end of day down note - that's bad for tomorrow's psychology. Going to close down nearly 600 and 5% - with NASDAQ and S&P down more than 6%.

Post close edit: Wow - further slip at very end, At close, Dow -633 -5.5%. NASDAQ -6.9%, S&P -6.6%

Could've been worse, but not by much. And it doesn't look good for tomorrow either.

[slickeast]

Looks like TPTB are making an desperate attempt to try to end the day on an up trend (not number, but trend) note. One try failed. They are trying again.

Nope - they couldn't do it. They are trying to steer it into something less bad than it could be, maybe they'll come in under 5% and <600, if they're lucky. But still a BIG end of day down note - that's bad for tomorrow's psychology. Going to close down nearly 600 and 5% - with NASDAQ and S&P down more than 6%

Down over 5% & 600 at the closing bell.

[slickeast]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

[timmus0382]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

Headlies will read "Tea Party Causes Markets to Crash"

Unless you read IDB theirs will say "Obama's Administration Rejoices As Markets Crash"

[Treetop]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

Headlies will read "Tea Party Causes Markets to Crash"

Unless you read IDB theirs will say "Obama's Administration Rejoices As Markets Crash"

its not funny anymore... I want off!!!!

[hobo finds]

Headlines will read. "Run Forrest! Run!"

[hobo finds]

Look at the Aisan markets now Down Big Time.... http://money.cnn.com/data/world_markets/asia/

Who the hell knows what will happen Tuesday for us

[shinnosuke]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

Headlies will read "Tea Party Causes Markets to Crash"

Unless you read IDB theirs will say "Obama's Administration Rejoices As Markets Crash"

Freudian slip? I find it enormously amusing that you misspelled headlines as "head lies" -- a direct indictment of Obummer.

[neilgin1]

telling ya'll.....ramp up the partisan venom on 9 Aug, and you buy your own headstones, coz you will not have anymore prep time. i know this is an exclusive small forum, but pray that cooler heads prevail in DC, and people start some bi-partisan handholding to show the world it AINT falling apart. If you want to be the worlds superpower, you got to walk, as if...food fights are not confidence inspiring, so...i'm just saying.....hope they grow in DC and do it quick....like today.

[timmus0382]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

Headlies will read "Tea Party Causes Markets to Crash"

Unless you read IDB theirs will say "Obama's Administration Rejoices As Markets Crash"

Freudian slip? I find it enormously amusing that you misspelled headlines as "head lies" -- a direct indictment of Obummer.

Thanks for pointing that out I would have totally missed that. Funny what the mind can do.

[Sheikh_yer_Bu'Tay]

telling ya'll.....ramp up the partisan venom on 9 Aug, and you buy your own headstones, coz you will not have anymore prep time. i know this is an exclusive small forum, but pray that cooler heads prevail in DC, and people start some bi-partisan handholding to show the world it AINT falling apart. If you want to be the worlds superpower, you got to walk, as if...food fights are not confidence inspiring, so...i'm just saying.....hope they grow in DC and do it quick....like today.

You are about to get your wish, Neil. The last minute compromise on the budget has a "super congress" finalizing the details. The Democrats will get almost everything they want, and what they don't get will work to their advantage for psychological warfare political tactics. The Republicans will get a bone tossed to them and the TEA Party and Libertarians are now shut out completely.

That will give us a "Bi-partisan" compromise for the world to see and do absolutely nothing to solve the real root of the problem.

[aristobolus]

telling ya'll.....ramp up the partisan venom on 9 Aug, and you buy your own headstones, coz you will not have anymore prep time. i know this is an exclusive small forum, but pray that cooler heads prevail in DC, and people start some bi-partisan handholding to show the world it AINT falling apart. If you want to be the worlds superpower, you got to walk, as if...food fights are not confidence inspiring, so...i'm just saying.....hope they grow in DC and do it quick....like today.

You are about to get your wish, Neil. The last minute compromise on the budget has a "super congress" finalizing the details. The Democrats will get almost everything they want, and what they don't get will work to their advantage for psychological warfare political tactics. The Republicans will get a bone tossed to them and the TEA Party and Libertarians are now shut out completely.

That will give us a "Bi-partisan" compromise for the world to see and do absolutely nothing to solve the real root of the problem.

I think both parties will get what they want; Democrats Revenues, and Republicans cuts in Social Security and Medicare. One tip off is that the Republicans, even while supposedly fighting against them, have adopted their "oppenent's" new euphemism for taxes, namely revenues. It is as if the word taxes has disappeared from the current parlance. The fix is in.

[Mossy]

Hummm wonder what will be plastered on the front page of every newspaper tomorrow morning.

Headlies will read "Tea Party Causes Markets to Crash"

Unless you read IDB theirs will say "Obama's Administration Rejoices As Markets Crash"

Freudian slip? I find it enormously amusing that you misspelled headlines as "head lies" -- a direct indictment of Obummer.

Oh, yeah. That's one we should use more often, considering the press these days.

[shinnosuke]

We have to remember that this forum is ultra-sensitive to:
1. the price of PMs
2. the worthlessness of FRNs
3. the unconstitutional nature of successive administration activities and policies

If you go to a public place today, it's very unlikely most people are talking about the price of Au. The vast majority still don't see the critical nature of what's unfolding before our very eyes.

Moral of the story:
Act now!

This is spot on.

I will not hear one person say anything about gold today.

Another good video. BBC let this on the air.
http://www.zerohedge.com/news/bbc-speechless-trader-tells-truth-collapse-comingand-goldman-rules-world